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Truist Bank 1601 S Elm-Eugene St

2,283 SF Retail Building Greensboro, NC 27406 $1,148,171 ($503/SF) 7% Cap Rate

Banks North Carolina Greensboro 1601 S Elm-Eugene St, Greensboro, NC 27406

Investment Highlights

  • Absolute Triple Net (NNN) Lease with ±5.5 Years Remaining | Zero LL Responsibilities
  • Strong Site Commitment | Tenant on Site since 2007 | High Deposits | Low Rent
  • 1.5% Annual Increases in Rent

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Truist Bank located at 1601 S Elm-Eugene St, Greensboro, NC 27406. The site consists of roughly 2,300 rentable square feet of building space on estimated 0.56-acre parcel of land. This Truist Bank is subject to a ±5.5-year absolute triple-net (NNN) lease, which commenced January 1st, 2007. The current annual rent is $80,372 and is scheduled to increase by 1.50% annually throughout the current term and in each of the next 2, 5-year renewal options. The three (3) succeeding renewal options are subject to a Fair Market Value (FMV) increase.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,283 SF
Building Class
B
Year Built
1972
Price
$1,148,171
Price Per SF
$503
Cap Rate
7%
NOI
$80,372
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.56 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
159 FT on S Elm-Eugene St

Amenities

  • Bus Line
1 of 1
1601 S Elm-Eugene St, Greensboro, NC - aerial map view

PROPERTY TAXES

Parcel Number 0008057 Improvements Assessment $280,700
Land Assessment $135,300 Total Assessment $416,000

PROPERTY TAXES

Parcel Number
0008057
Land Assessment
$135,300
Improvements Assessment
$280,700
Total Assessment
$416,000
(332) 345-4222

  • Listing ID: 32170933

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 1601 S Elm-Eugene St, Greensboro, NC 27406

More public record information on 1601 S Elm-Eugene St, Greensboro, NC 27406

The Retail Property at 1601 S Elm-Eugene St, Greensboro, NC 27406 is currently available For Sale. Contact NNN Pro Group for more information.

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Truist Bank | 1601 S Elm-Eugene St
(332) 345-4222 x

Truist Bank | 1601 S Elm-Eugene St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Judson Kauffman

(332) 345-4202

(332) 345-4202

Hannan Ben Yosef

(332) 345-4384

(332) 345-4384

Matthew Sorace

(332) 345-7813

(332) 345-7813

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